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Innovation for Impact Fund - EDF

Addressing Equity in the Army Corps Cost-benefit Analysis Methodology for Flood Protection Infrastructure
Return to Innovation for Impact Fund

2021: Addressing Equity in the Army Corps Cost-benefit Analysis Methodology for Flood Protection Infrastructure (EDF)

This research project will provide evidence on and solutions to the inequity created by applying a strict cost-benefit analysis in the provision of federal flood protection infrastructure. Environmental justice communities–communities with high-flood risk, increased vulnerability, and whose populations are often predominantly Black, Indigenous, and people of color (BIPOC)—tend to have lower property values that are less likely to justify recovery costs within this strict application of a cost-benefit analysis framework. This project aims to protect some of our country’s most vulnerable residents and communities from the increasing risk of flooding. Research partners will convene a workshop with community leaders and academics to develop a revised cost-benefit analysis methodology that incorporates equity into federal flood protection programs.

Cornell Investigators: Todd Gerarden, Dyson School
EDF Investigators: Dave McLaughlin, Economist

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